Stock Loan / Equity Finance Operations Analyst

The Analyst works closely with the trading desk, counterparties, custodians, technology teams, and other internal stakeholders to ensure accurate processing and timely resolution of issues. Monitor corporate actions affecting loaned and borrowed securities, coordinate required recalls or returns, and reconcile associated dividend and other entitlement payments.

Overview:

Position Summary

The Stock Loan / Equity Finance Operations Analyst manages daily operational support for the securities lending business. This position requires an experienced professional who can independently oversee transaction processing, settlement, collateral management, and reconciliations while resolving complex exceptions and managing operational risk.  The Analyst works closely with the trading desk, counterparties, custodians, technology teams, and other internal stakeholders to ensure accurate processing and timely resolution of issues.

 

Key Responsibilities

• Manage the daily processing of stock loan and borrow transactions, including new activity, returns, recalls, rate changes, and contract maintenance.
• Monitor settlement through DTCC and other applicable channels; proactively resolve failed trades and escalate potential delivery issues.
• Reconcile positions, cash, collateral, and transaction activity across internal systems, clearing organizations, and counterparty records.
• Perform daily P&L reconciliation and reporting, ensuring accuracy and compliance with internal and regulatory standards.
• Review daily marks to market, manage margin calls, and coordinate collateral movements and substitutions.
• Investigate and resolve complex reconciliation breaks, pricing discrepancies, and processing errors.
• Review stock loan fees, rebates, and accruals; reconcile monthly billing and resolve counterparty disputes.
• Monitor corporate actions affecting loaned and borrowed securities, coordinate required recalls or returns, and reconcile associated dividend and other entitlement payments.
• Support OCC Market Loan activity, including settlement, position reconciliation, and collateral processing, as applicable.
• Serve as a primary operations contact for the trading desk and counterparties, providing timely updates and following issues through resolution.
• Identify operational risks, maintain effective controls, and escalate material issues before processing deadlines.
• Partner with technology teams and service providers to resolve system issues, conduct testing, and implement enhancements.
• Maintain procedures, support audits, and recommend improvements that reduce manual work and strengthen controls.
• Provide guidance and training to junior team members and support coverage across operational functions.

 

What we’re looking for:

Required

• 3+ years of relevant experience in stock loan, equity finance, or securities lending operations.
• In-depth knowledge of the securities lending lifecycle, including settlement, collateral management, corporate actions, and billing.
• Demonstrated ability to independently manage daily responsibilities and resolve complex operational issue while leading operational process improvements.
• Working knowledge of DTCC settlement processes and applicable clearing arrangements.
• Strong technical skills, proficient in Python, SQL and VBA.
• Strong communication skills and experience partnering with trading desks, counterparties, and internal support teams.
• Bachelor’s degree in finance, accounting, business, or a related field, or equivalent professional experience.

 

Preferred Experience

• Hands-on experience with Broadridge, FIS Loanet, DTCC applications, and the OCC Market Loan Program.
• Experience with manufactured dividend payments.
• Corporate actions experience, including managing election deadlines and processing events.
• Knowledge of financing and treasury functions a plus.